SANY(SH:600031) Zheng Quan Shi Bao Wang·2025-10-28 04:34Core Viewpoint - Sany Heavy Industry Co., Ltd. officially listed on the Hong Kong Stock Exchange on October 28, marking a significant step in its capital layout and globalization strategy, establishing an A+H dual-platform listing structure [1][3] Group 1: Listing Details - The company issued approximately 632 million H-shares at an offering price of HKD 21.30 per share, with a 15% over-allotment option [3] - The IPO attracted 21 cornerstone investors who collectively subscribed to USD 759 million of the offering, indicating strong confidence from the international capital market [3] Group 2: Strategic Focus - Sany Heavy Industry is advancing its three core strategies: globalization, digitalization, and low-carbon development [4][6] - The company is recognized as the third largest globally and the largest in China in the construction machinery sector, with products sold in over 150 countries [4] - Sany Heavy Industry achieved the highest cumulative sales of excavators and revenue from concrete machinery globally from 2020 to 2024, with a projected overseas revenue compound annual growth rate of 15.2% [5] Group 3: Digitalization and Low-Carbon Initiatives - The company is enhancing its manufacturing, operations, and services through digitalization, aiming for quality improvement and efficiency breakthroughs [5] - Sany Heavy Industry is the only company in the global construction machinery sector with two World Economic Forum-certified lighthouse factories, showcasing its advanced manufacturing capabilities [5] - The company has launched over 40 new energy products, contributing approximately RMB 4.025 billion in revenue, significantly exceeding the global industry average [5]